Nokia Phones has decided to cut down the prices for their mobile phones. Nokia is decreasing the mobile products price up to 10% as to increase the number of consumers. March quarter report of Nokia sales is not positive and this news triggered an ugly sell-off in NOK shares. NOK shares were down from $1.96 to $12.99. Almost up to 13.1 %.
Nokia decided to delay the launch of their revolutionary cell phone runs on Symbian base operating system. Symbian base Nokia mobile phone will launch in the second half of the year from Nokia second quarter